Posts Tagged ‘recession’
How a 67-Year-Old Used a Reverse Mortgage as a Bridge to Delay Social Security to 70 and Added $186,000 to Lifetime Income
Reverse Mortgage as a Bridge to Delay Social Security A 67-year-old homeowner can fund a three-year Social Security delay with a HECM Line of Credit instead of portfolio withdrawals, securing a permanent $815 monthly benefit increase (24% raise) while avoiding sequence-of-returns risk during market downturns; the strategy nets approximately $186,000 in additional lifetime wealth. A…
Read MoreHow can Americans; especially senior Americans live with these high grocery prices?
6 Ways Seniors Can Tap Home Equity To Supplement Income
Seniors looking to supplement their income may be able to tap their home equity to supplement their lifestyle or ease financial worries during retirement Pros & cons of tapping home equity Traditionally, seniors don’t tap into their home equity for retirement income. “I believe many people in their 70s and 80s look at it as…
Read MoreForeclosures are up
Foreclosures are up. But is the housing market headed for a crash? Foreclosure notices ticked up nationwide in the first quarter of the year with more than 65,000 properties beginning to go through the process. There were 36,617 new filings in March, which marks the 23rd consecutive month with a year-over-year increase in foreclosure activity, according…
Read MoreHome prices to drop 10%
Housing economist predicts home prices to drop 10% this year I found this great article today by Milken Institute Global Conference 2023: Bank stress, rate hikes, recession threats. I wanted to bring it to my news and blogs for my customers information. Housing values will drop by double digits this year, one expert is predicting,…
Read MoreWorried about retirement
Why is everyone so worried about retirement? Confidence has dropped to 2008 levels. Workers and retirees have grown much gloomier about their retirement prospects. Will their bleakness last? Trouble ahead? Financial stress is rising among workers and retirees. In April 2022, when I looked through the 2022 annual Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, I felt…
Read MoreWant to retire early
Here are 5 uncomfortable truths about retirement, that you really need to hear now. Especially if you want to retire early. Retirement is the true American dream. Sure, many might fantasize about striking it rich and becoming famous, but when it comes down to it, the real goal is to make enough money so that you don’t…
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